GOLDREA ANNOUNCES NON-BROKERED $500,000 PRIVATE PLACEMENT

Goldrea Resources Corp. will be conducting a non-brokered private placement consisting of both units and flow-through units, for aggregate gross proceeds of up to $500,000.

The company will be offering up to 12.5 million flow-through (FT) units at 1.6 cents per FT unit. Each FT unit will comprise one flow-through common share and half of a non-flow-through common share purchase warrant with an exercise price of five cents for a period of three years.

Proceeds from the FT units will be used for exploration activities on the company’s mineral properties in the Golden Triangle area of Northern British Columbia. The 2025 program for the Cannonball and Adrian projects will include detailed geological work and 3-D IP surveys on the two porphyry targets that Goldrea has identified since 2020 and recon work to identify additional targets.

The company will be offering up to 21,428,570 (non-flow-through (NFT)) units at 1.4 cents per unit. Each unit will comprise one common share and one-half of a common share purchase warrant with an exercise price of five cents for a period of three years. Proceeds from the units will be used for general administration expenses.

All securities to be issued under the private placement will be subject to a four-month hold. A finder’s fee may be paid in connection with the financing.

Jim Elbert, Goldrea’s president and chief executive officer, comments: “The Golden Triangle has continued to lead the exploration of gold and copper in North America. We believe that this trend will only accelerate, with Goldrea’s promising prospects yielding positive results within this prolific zone. An exciting stage of development is expected to be forthcoming and Goldrea is in the centre of this activity.”